Browsing: Re-employment

Q. I’m a FERS employee who is thinking of retiring and wondering if there is anything that precludes me from retiring one day and coming back to work as a federal employee the next? A. If you met the age and service requirements to retire on an immediate annuity, your annuity would continue; however, the salary of your new position would be offset by the amount of that annuity. Further, any lump-sum payment for unused annual leave you received would have to be returned to your former agency. Note: If you received a buyout payment, that money would also have…

Q. I left government service in 1981 and withdrew my retirement funds. I then re-entered government in 1991 under CSRS and retired in 2009. I am paying back the withdrawn funds every month out of my annuity. How long will they take out these funds from my retirement? It will be 10 years in January 2019. I have been told by others that it will be 10 years, then the money will be put toward my retirement annuity.

Q. What impact does USERRA have on the high-3 calculation? For instance, please consider a hypothetical situation in which a civilian employee/military reservist earned annual income from his civilian federal agency of $96,000 one year, then $98,000 the next and then is making $100,000 when called to active duty at the end of the next year. He is activated for two years, during which time the GS scale gets annual 3 percent increases across the board. He comes back and works a final year, pays his military deposit, then retires after another 3 percent increase gives him an entire year…

Q. I resigned from the United States Postal Service in 1999 after 12 years of service and received a refund of my retirement contributions. If I get hired on to the USPS again, will I be able to buy back my time like the military candidates? I haven’t been able to find any information regarding this situation, only what pertains to the military.

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